England Council member Eastern Bank will be making $1.5 million in grant funding available to non-profit organizations focused on women’s issues as part of its foundation’s charitable giving in 2018.
Eastern Bank is celebrating its 200th anniversary by focusing on women’s organizations in honor of the institution’s history; the bank’s first ever depositor was a woman at a time when many banks turned away depositors based on gender. Throughout the bank’s history, Eastern has been dedicated to corporate social responsibility, committing ten percent of its net income to charity every year—well above the national average of one percent. Each year, the bank selects organizations with a particular focus. Last year, the bank supported organizations that assist immigrants.
Eastern’s CEO Bob Rivers, a member of the New England Council Board of Directors, noted that the contribution is not tied to federal tax cuts. “Eastern intends to give out about 150 grants worth $10,000 to a wide variety of organizations, including those that focus on sexual assault, affordable childcare, pay equity and health care,” Rivers said. The deadline for non-profits to apply for the grants is March 2, 2018. Organizations can apply for the grant online.
The New England Council applauds Eastern Bank’s ongoing commitment to supporting non-profit organizations in our region and looks forward to learning more about the organizations selected for this funding. Read more in the Boston Business Journal.